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Side-by-side financial comparison of Astera Labs, Inc. (ALAB) and ALLEGRO MICROSYSTEMS, INC. (ALGM). Click either name above to swap in a different company.
Astera Labs, Inc. is the larger business by last-quarter revenue ($270.6M vs $229.2M, roughly 1.2× ALLEGRO MICROSYSTEMS, INC.). Astera Labs, Inc. runs the higher net margin — 16.6% vs 3.6%, a 13.0% gap on every dollar of revenue. On growth, Astera Labs, Inc. posted the faster year-over-year revenue change (91.8% vs 28.9%). Astera Labs, Inc. produced more free cash flow last quarter ($76.6M vs $41.3M). Over the past eight quarters, Astera Labs, Inc.'s revenue compounded faster (103.6% CAGR vs -2.4%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
Allegro MicroSystems, Inc. is a global semiconductor firm designing and manufacturing high-performance power and sensing integrated circuits. Its core products include magnetic sensors, power ICs, and motion control solutions, serving automotive, industrial, consumer electronics, and communications markets worldwide.
ALAB vs ALGM — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $270.6M | $229.2M |
| Net Profit | $45.0M | $8.3M |
| Gross Margin | 75.6% | 46.7% |
| Operating Margin | 24.7% | 4.2% |
| Net Margin | 16.6% | 3.6% |
| Revenue YoY | 91.8% | 28.9% |
| Net Profit YoY | 82.0% | 221.0% |
| EPS (diluted) | $0.25 | $0.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $270.6M | $229.2M | ||
| Q3 25 | $230.6M | $214.3M | ||
| Q2 25 | $191.9M | $203.4M | ||
| Q1 25 | $159.4M | $192.8M | ||
| Q4 24 | $141.1M | $177.9M | ||
| Q3 24 | $113.1M | $187.4M | ||
| Q2 24 | $76.8M | $166.9M | ||
| Q1 24 | $65.3M | $240.6M |
| Q4 25 | $45.0M | $8.3M | ||
| Q3 25 | $91.1M | $6.5M | ||
| Q2 25 | $51.2M | $-13.2M | ||
| Q1 25 | $31.8M | $-14.8M | ||
| Q4 24 | $24.7M | $-6.9M | ||
| Q3 24 | $-7.6M | $-33.7M | ||
| Q2 24 | $-7.5M | $-17.7M | ||
| Q1 24 | $-93.0M | $-7.1M |
| Q4 25 | 75.6% | 46.7% | ||
| Q3 25 | 76.2% | 46.3% | ||
| Q2 25 | 75.8% | 44.9% | ||
| Q1 25 | 74.9% | 41.4% | ||
| Q4 24 | 74.0% | 45.7% | ||
| Q3 24 | 77.7% | 45.7% | ||
| Q2 24 | 77.9% | 44.8% | ||
| Q1 24 | 77.4% | 51.2% |
| Q4 25 | 24.7% | 4.2% | ||
| Q3 25 | 24.0% | 2.9% | ||
| Q2 25 | 20.7% | -1.3% | ||
| Q1 25 | 7.1% | -6.8% | ||
| Q4 24 | 0.1% | -0.0% | ||
| Q3 24 | -7.9% | 2.2% | ||
| Q2 24 | -31.7% | -6.4% | ||
| Q1 24 | -127.1% | 6.6% |
| Q4 25 | 16.6% | 3.6% | ||
| Q3 25 | 39.5% | 3.0% | ||
| Q2 25 | 26.7% | -6.5% | ||
| Q1 25 | 20.0% | -7.7% | ||
| Q4 24 | 17.5% | -3.9% | ||
| Q3 24 | -6.7% | -18.0% | ||
| Q2 24 | -9.8% | -10.6% | ||
| Q1 24 | -142.5% | -3.0% |
| Q4 25 | $0.25 | $0.04 | ||
| Q3 25 | $0.50 | $0.03 | ||
| Q2 25 | $0.29 | $-0.07 | ||
| Q1 25 | $0.18 | $-0.08 | ||
| Q4 24 | $1.23 | $-0.04 | ||
| Q3 24 | $-0.05 | $-0.18 | ||
| Q2 24 | $-0.05 | $-0.09 | ||
| Q1 24 | $-1.77 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $167.6M | $155.2M |
| Total DebtLower is stronger | — | $280.7M |
| Stockholders' EquityBook value | $1.4B | $962.7M |
| Total Assets | $1.5B | $1.4B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $167.6M | $155.2M | ||
| Q3 25 | $140.4M | $117.5M | ||
| Q2 25 | $162.3M | $129.1M | ||
| Q1 25 | $86.4M | $121.3M | ||
| Q4 24 | $79.6M | $138.5M | ||
| Q3 24 | $126.1M | $188.8M | ||
| Q2 24 | $421.1M | $173.1M | ||
| Q1 24 | $696.1M | $212.1M |
| Q4 25 | — | $280.7M | ||
| Q3 25 | — | $280.4M | ||
| Q2 25 | — | $304.8M | ||
| Q1 25 | — | $338.9M | ||
| Q4 24 | — | $368.7M | ||
| Q3 24 | — | $393.0M | ||
| Q2 24 | — | $195.8M | ||
| Q1 24 | — | $245.1M |
| Q4 25 | $1.4B | $962.7M | ||
| Q3 25 | $1.3B | $944.2M | ||
| Q2 25 | $1.1B | $922.7M | ||
| Q1 25 | $1.0B | $929.6M | ||
| Q4 24 | $964.8M | $933.0M | ||
| Q3 24 | $889.6M | $937.3M | ||
| Q2 24 | $845.3M | $1.1B | ||
| Q1 24 | $808.8M | $1.1B |
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $983.1M | $1.5B | ||
| Q2 24 | $915.5M | $1.4B | ||
| Q1 24 | $864.9M | $1.5B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.18× | ||
| Q1 24 | — | 0.22× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $95.3M | $45.4M |
| Free Cash FlowOCF − Capex | $76.6M | $41.3M |
| FCF MarginFCF / Revenue | 28.3% | 18.0% |
| Capex IntensityCapex / Revenue | 6.9% | 1.8% |
| Cash ConversionOCF / Net Profit | 2.12× | 5.47× |
| TTM Free Cash FlowTrailing 4 quarters | $281.8M | $121.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.3M | $45.4M | ||
| Q3 25 | $78.2M | $20.4M | ||
| Q2 25 | $135.4M | $61.6M | ||
| Q1 25 | $10.5M | $20.4M | ||
| Q4 24 | $39.7M | $-8.2M | ||
| Q3 24 | $63.5M | $15.5M | ||
| Q2 24 | $29.8M | $34.2M | ||
| Q1 24 | $3.7M | $12.8M |
| Q4 25 | $76.6M | $41.3M | ||
| Q3 25 | $65.9M | $13.9M | ||
| Q2 25 | $133.3M | $51.0M | ||
| Q1 25 | $6.0M | $15.0M | ||
| Q4 24 | $24.3M | $-21.8M | ||
| Q3 24 | $46.8M | $5.6M | ||
| Q2 24 | $28.5M | $23.2M | ||
| Q1 24 | $228.0K | $-1.5M |
| Q4 25 | 28.3% | 18.0% | ||
| Q3 25 | 28.6% | 6.5% | ||
| Q2 25 | 69.5% | 25.1% | ||
| Q1 25 | 3.7% | 7.8% | ||
| Q4 24 | 17.2% | -12.3% | ||
| Q3 24 | 41.4% | 3.0% | ||
| Q2 24 | 37.1% | 13.9% | ||
| Q1 24 | 0.3% | -0.6% |
| Q4 25 | 6.9% | 1.8% | ||
| Q3 25 | 5.3% | 3.0% | ||
| Q2 25 | 1.1% | 5.2% | ||
| Q1 25 | 2.8% | 2.8% | ||
| Q4 24 | 10.9% | 7.7% | ||
| Q3 24 | 14.8% | 5.3% | ||
| Q2 24 | 1.7% | 6.6% | ||
| Q1 24 | 5.2% | 5.9% |
| Q4 25 | 2.12× | 5.47× | ||
| Q3 25 | 0.86× | 3.12× | ||
| Q2 25 | 2.64× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALAB
Segment breakdown not available.
ALGM
| Automotive End Market | $164.5M | 72% |
| Industrial And Other End Market | $64.7M | 28% |
